GSAT

Insider Buying Week 03-15-24

by

Insider buying has been noticeably scarce in this bull leg of a market making all-time highs. The small amount of buying is not performing particularly well either.  You might find this news surprising from a hedge fund manager who has made a living reading these tea leaves for 23 years. Name: Ole G Rosgaard Position: President and CEO Transaction Date: 2024-03-08 Shares Bought: 4,914 Average Price Paid: $67.00 Cost: $329,235 Company: Greif Inc (GEF) Greif Inc. is a top global provider of industrial packaging goods and services, with operations in over 35 countries. The company provides a wide range of … Read more

Insider Buying Week 01-05-24 the Market is Waiting for Something

by

The market is waiting for something. If interest rates are going down, the newest popular market obsession, when will they actually go down?  When will the Fed start the interest rate cuts, since everything seems to follow lock step with their interest rate policy?  Sure, rates have dropped some around the periphery.  30-year fixed mortgage rates have come down.  The national average is around 7%, and that’s a far cry from the 8% rates just a month ago, but we are talking drops around the margins. Compare this monthly mortgage rate on a $800,000 home today at $5322.  That same … Read more

Notable Insider Buying Week Ending 12-20-19

by

CB Duncan continues to amass sizable buys of Enterprise Products Partners, LP.  This midstream oil and gas operator  yields 6.29%. This seems like a buy in a low yield world but bear in mind, several MLPs  in this space yield double digits and have sizable insider buying as well. If you believe the combustion engine will be replaced by EVs in the next 10 years, don’t buy these MLPs. I for one don’t believe the market appreciates the complexity and cost of making lithium batteries. A director bought $1.28 million of peer Energy Transfer Partners at $12.79 per share, yielding … Read more

Notable Insider Buys and Sales Week Ending 1-4-19 No One is Buying Yet!

by

  I wrote in last week’s blog post, that “The next month will tell everything.  Every meaningful rout in the market has ended when a crescendo of insider buying has restored confidence and validated values.  We are not there yet but the question is will we get there when the 4th quarter blackout period ends.  Right now we are in a period where most insiders are prohibited from buying stock so close to the quarter end. This graph below shows a significant tick up in insider buying, the highest its been in a year but considering how grim the news … Read more

Notable Insider Buys and Sales Week Ending 12-21-18

by

The next month will tell everything.  Every meaningful rout in the market has ended when a crescendo of insider buying has restored confidence and validated values.  We are not there yet but the question is will we get there when the 4th quarter blackout period ends.  Right now we are in a period where most insiders are prohibited from buying stock so close to the quarter end. This graph below shows a significant tick up in insider buying, the highest its been in a year but considering how grim the news is, I’d like to see a crescendo of buying … Read more